Stages Involved From Application To Disbursement

1. Submission of application with supporting documents.
2. After scrutiny of application personal interview by a company official.
3. If loan application is accepted the processing fees(non-refundable) payable is 0.5% of the amount applied for subject to a maximum of Rs. 5,000/-.
4. Issue of Loan offer Letter by the Company
5. On receiving Loan Offer Letter pay the administrative fees(non-refundable) @ 1% of Loan sanctioned subject to certain minimum amount as mentioned in the LOL and submit requirements, if any.
6. Title clearance through our panel advocate.
7. Disbursement will be made after the applicant has invested his/her share.(Total cost less the amount of loan sanctioned).
8. Letter to Panel Valuer of inspection of property.
9. If the valuer's report is O.K., collect documents for stamping.
10. Submit stamped documents along with original Policy Bonds duly assigned and get date for disbursement.
11. Execution of documents and disbursement.
Notes:
(i) Since the validity of a stamped document for its execution is 6 months, the documents should be stamped only after approval of the valuer's report.
(ii) Stamping of documents such as Memorandum of Deposit of Title Deeds, Deeds of Guarantee etc. are as per the local law.
For More details call on 9892623601 or 28949070 or mail to vivekbhatnagar555@hotmail.com

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